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Marketing and Advertising | 12-27-2009

If you’re ready to realize your dream and head down the highway of starting your own online business, you may find some roadblocks when it comes to business start-up funding. New business start-up funding can be very difficult to acquire because many commercial banks and lenders will not even look at new business start-up unless; 1) you have plenty of money sitting and waiting in a bank account; 2) you have a long and successful business track record; and 3) you have a fat and juicy balance sheet.

Another thing to consider when looking for business start-up funding is the type of business you are trying to start. Your business idea and plan of action may or may not appeal to lending sources. When you consider small business ideas, it’s important to weigh the different types of small businesses, whether a home-based business or something more concrete, like a gift shop at the local strip mall, house painting or a small cleaning services company. Try to map out a business growth system to get you started.

Success is more likely at achieving business start-up funding when you have a specialized or useful skill on offer. You will also find that if you are providing a high-demand or essential service such as repair work, cleaning, painting, printing and consulting, in a professional manner followed up by a good customer after care service, your business is likely to go from strength to strength. The majority of people need services and skills like car repairs, shelf building, wallpaper hanging and garden landscaping and they tend to be more interested in the job being done right the first time round than the cost incurred. These kind of businesses are “good to have” for consumers as well as being “good on paper” for lenders.

Shown below are some “good to have” and “good on paper” business ventures and ideas which open up better opportunities to find start-up funding.

Construction
Contractors
Dentists
Doctors
Industrial
Lawyers
Manufacturing
Restaurant
Retail Apparel
Service Contracts
Sub Contractors
Wholesale

However, this list is not exhaustive so you shouldn

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